5/11 Risk 5: Bad Tenants😭


What scares most Property Investors……..Bad Tenants!

We’ve covered this earlier in the series but as a reminder, you want to buy in the middle of the market. You also want to ensure you have a good rental manager that loves you so that they will do all of the necessary checks to ensure you are getting the best tenant. The low end of the market is where you generally get bad tenants and the high end of the market has low rental returns. 

The middle of the market is usually where you find a lot of government employees with a middle-market income. These sorts of people are great tenants because regardless of economic circumstances, they’ll always have a paycheck and are more likely to stay put for a while. As the landlord, you ultimately accept your tenants. So you can do a simple check in the national TICA database to screen for bad renting histories and avoid accepting those applicants. It’s also a good idea to avoid a house share option too. That’s often a way that bad tenants who can’t rent a property because of their bad history will sneak into your property under someone else. Always make sure all adults living in your property are checked and on the lease!

Risks can be scary when buying a property but if well managed and with the right guidance you will not have to worry about them!  Keep joining me next up we look at the risk of Natural Disasters.

If you want more information please reach out to my team at 1300 372 677 or info@integrityx.com.au.

~Daimien Patterson

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Legal Disclaimer: This information ('the information') is presented for illustrative and educational purposes only. It is not presented nor should it be treated as real estate advice, legal advice, investment advice, or tax advice. All investments involve risk and potential loss of money. If you require advice in any of these fields you should contact a suitably qualified professional to assist and advise you. Your personal individual financial circumstances must be taken into account before you make any investment decision. We urge you to do this in conjunction with a suitably qualified professional. Daimien Patterson, IntegrityX Enterprises Pty Ltd, and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers do not guarantee your past, present or future investment results whether based on this information or otherwise. Daimien Patterson, IntegrityX Enterprises Pty Ltd and their associated trading names, companies, researchers, authorised distributors and licensees, employees and speakers disclaim all liability for your purchase decisions. You should do your own independent due diligence and seek the advice of qualified advisors before making any investment decision.